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Oil & Gas Final Exam Questions And Answers 2025
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Oil & Gas Final Exam Questions And Answers 2025
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Terms in this set (100) Q&AOil & Gas Final Exam Questions And
Answers 2025
Associated Gas - Natural gas that overlies and is in contact with crude oil in
the reservoir but not in a solution with the oil
Average Daily Production per well - (Annual Production / 365) / Net Wells
Average Reserves per Well Ratio - Total proved reserves at BOY / Net
Wells
BS&W - Basic Sediment and Water identifies impurities in suspension with
the crude oil
, Terms in this set (100) Q&A
Carried Working Interest - the party electing not to participate in a joint
venture project
Carrying Parties - the working interest owners who agree to pay the carried
party's share of the costs of the joint venture project
Casinghead Gas - Natural gas that is produced with crude oil for oil wells
City Gate - The system inlet of the local distribution company to which gas
is delivered from a natural gas pipeline (i.e. location from which Excel
Energy receives gas from Colorado Interstate Gas Pipeline)
Condition D - material is no longer suitable for its original purpose, but
usable for some other purpose and should be priced on a basis
commensurate with its use
Condition E - junk material and should be priced at prevailing junk prices
COPAS - Council of Petroleum Accountants Society
Division order - a legal document setting up each interest owner's share of
production
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